SECP allows Mutual Funds to invest in ETFs
ISLAMABAD: In line with the objective of creating a competitive and deep Exchange Traded Funds (ETFs) market, the Securities and Exchange Commission of Pakistan (SECP) has allowed various categories of…
Monetary Policy Statement
At today’s meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 125 basis points to 15 percent. In addition, as foreshadowed in the last monetary policy…
FrieslandCampina Pakistan wins regional award for sustainability
KARACHI: FrieslandCampina Pakistan was awarded the Gold Standard Award 2022 for Corporate Citizenship (CSR and Sustainability) by the Public Relations & Communications Association Asia Pacific (PRCA APAC) at a ceremony…
VALUE-ADDED TEXTILE INDUSTRIES COMPELLED TO CLOSURE & SHIFT ABROAD OWING TO DISCRIMINATORY POLICIES & NEGLECTED CONDUCTED BY THE GOVERNMENT
The Value-Added Textile Export Industries of Karachi are deeply shocked and totally disappointed with the sitting Government for utter silence, indecisiveness and no response towards the appeal and SOS calls…
BAIL-CUSTOM COURT–BONDED WARE HOUSE OWNER-BAIL
KARACHI: Muhammad Maqsood Alam son of Muhammad Rafi, Proprieotr of Fatima bonded ware house was admitted to bail against a solvent surety of rupees 100000 and Personal Bond in the…
Digital Lending – SECP cautions Digital Lending NBFCs of regulatory action if fair practices not adopted
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has cautioned digital lending NBFCs of regulatory intervention, if full disclosure and fair business practices are not ensured by the industry…
Super-Tax imposition in “harsh and destructive” for performing export-oriented sector: Value-Added Textile Associations
EXPORT-ORIENTED INDUSTRIES DEMAND IMMEDIATE WITHDRAWAL OF SUPER-TAX: Unjust and uncalled-for imposition of 10 percent super-tax, in addition to all multiple levied taxes, is highly disastrous for export-oriented industries which have…
25% drop in remittances: Special initiatives can attract foreign inflows, Mian Anjum says remittances only hope to support reserves
As the remittances from overseas workers have started falling, reporting a massive drop of over 25% in previous month, the Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel…
Federal Tax Ombudsman Announces opening of FTO office at Hub. Appointed Mr. Ismail Suttar as his advisor
Federal Tax Ombudsman, Dr. Asif Mahmood Jah, Hilal-e-Imtiaz, and Tamgha-e-Imtiaz has announced the FTO office in Hub. Honorable FTO visited the office of Lasbela Chamber of Commerce and Industry on…
State Bank of Pakistan (SBP) issues final instructions for implementation of International Financial Reporting Standard, IFRS-9, in the Banking Sector
SBP has issued final instructions on IFRS 9 for ensuring smooth and consistent implementation of the Standard in the banking industry, with revised implementation timelines. For banks having asset size…
SBP extends Online Portal to EMIs, PSOs and PSPs
In order to promote digitalization and encourage eco-friendly practices, the State Bank of Pakistan (SBP) has developed online portal called SBP Regulatory Approval System (RAS) to enable regulated entities (i.e.…
Engro Polymer & Chemicals, UET Lahore partner for first-of-its-kind industry-academia linkage program
Karachi: Engro Polymer & Chemicals (EPCL), a subsidiary of Engro Corporation, has signed a Memorandum of Understanding (MoU) with the prestigious University of Engineering & Technology (UET), Lahore, to strengthen…